The Commissioner Of Income Tax - 1, Mumbai v. Weizmann Limited
High Court
25 Jul 2011 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax - 1, Mumbai v. Weizmann Limited
Date of order
25 Jul 2011
Assessment year(s)
2000-01
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax - 1, Mumbai v. Weizmann Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Issue: 1.Whether the Income Tax Appellate Tribunal was justified in cancelling the reassessment order passed in the assessment year 2000-01 is the question raised in this appeal.
Decision: The appeal is accordingly dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.4133 OF 2010
The Commissioner of Income Tax - 1, Mumbai
Versus
Weizmann Limited
..Appellant.
..Respondent.
Ms.Anamika Malhotra for the appellant.Mr.Atul K. Jasani for the respondent.
CORAM : J.P. Devadhar &
A.A. Sayed, JJ.
P.C. :
DATE : 25[th] July, 2011.
1.Whether the Income Tax Appellate Tribunal was justified in cancelling the reassessment order passed in the assessment year 2000-01 is the question raised in this appeal. By our order passed today in Income Tax Appeal No.4167 of 2009, we have upheld the order of the Income Tax Appellate Tribunal in quashing the reassessment proceedings initiated for assessment year 2000-01. Once the reassessment proceedings is held to be invalid, the reassessment order passed thereunder cannot be sustained.
2.In this view of the matter, order of the Tribunal in setting aside the reassessment order passed by the assessing officer cannot be faulted. The appeal is accordingly dismissed with no order as to costs.
(A.A. Sayed, J.)
(J.P. Devadhar, J.)
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